tag:blogger.com,1999:blog-2580989564838748562.post7438376793187285606..comments2023-09-03T20:21:47.133+08:00Comments on Financial Freedom SG: How Much Do You Need for Your Retirement?Lemizeraqhttp://www.blogger.com/profile/14066758470866342603noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2580989564838748562.post-74735431361530359862010-11-23T22:26:14.249+08:002010-11-23T22:26:14.249+08:00Hi Musicwhiz,
That is a high target. And I am sur...Hi Musicwhiz,<br /><br />That is a high target. And I am sure you can get more than 5% as your dividend yield is almost that amount without taking into account capital gains. <br /><br />Yeah, bears and market correction is always good time to buy. The problem is to build cash in the meanwhile. Having the guts to buy during the bear market should not be a problem as we have all bought during the Great Recession.<br /><br />LemizLemizeraqhttps://www.blogger.com/profile/14066758470866342603noreply@blogger.comtag:blogger.com,1999:blog-2580989564838748562.post-73923767164320904362010-11-23T08:12:28.731+08:002010-11-23T08:12:28.731+08:00At least $2 million, as I have a kid and education...At least $2 million, as I have a kid and education can be expensive. Hopefully, out of the $2 million, $1 million will be in equities yielding 5-6% per annum, which would provide comfortable passive income. The rest is buffer money and emergency funds which are to be deployed for major decisions (e.g. renovations, child's education, medical exigencies etc).<br /><br />I think 5% is a realistic and achievable target. Anyway bear markets come once in a blue moon, so we must seize the opportunities when they present themselves. :)Musicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.com